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this isn't a fiscal cliff. this is a slope. what we need to do is understand that the deficit is a long-term challenge and the best way to reduce the deficit is to get people back to work. right now, the price of money is cheap. you can almost get it for free. we should be investing in more economic development. >> so should this be part of the package? >> absolutely. what we need to do is -- i want to back up a bit. we're not raising taxes. the bush tax cuts were designed to expire. so we're saying let them expire. that's how they were designed. but not for the people under $250,000. you're not going to touch medicare unless you bargain on the price of drugs. don't damage the planned participants. but put money back into rebuilding the infrastructure of america. put people back to work. the jobs that will be created will lower the deficit instead of trying to beat up on poor people. >> the art of the deal, many people think the art of the deal has left washington and that this is going to be more people think the art of the de
this isn't a fiscal cliff. this is a slope. what we need to do is understand that the deficit is a long-term challenge and the best way to reduce the deficit is to get people back to work. right now, the price of money is cheap. you can almost get it for free. we should be investing in more economic development. >> so should this be part of the package? >> absolutely. what we need to do is -- i want to back up a bit. we're not raising taxes. the bush tax cuts were designed to...
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Nov 21, 2012
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are there any republicans who are willing to go over the fiscal cliff rather than cave to the president's demands for higher taxes? >> i think the only people you've heard willing to go fiscal cliff, senator patty murray said that because they have one intended purpose is to raise tax rates. if you raise the top two tax brackets you are only getting $85 billion in additional revenue annually. that only takes care the debt for ten days. it will service the federal government for 21 days. so this is gimmick. we need to be able to articulate that. we need to listen to the federation of independent businesses that we protect them so we can production and manufacturing once again and economic growth. >> alan west, i sure appreciate it. next, why does al gore want to get his hands on the video of a fire tornado. the man explains why, he won't give it up coming up. >>> you may have seen this stunning of a fire nado by independent videographer. this also caught the eye of pal al gore and protector of the planet and his office has been putting to license on the footage to put their baseless global
are there any republicans who are willing to go over the fiscal cliff rather than cave to the president's demands for higher taxes? >> i think the only people you've heard willing to go fiscal cliff, senator patty murray said that because they have one intended purpose is to raise tax rates. if you raise the top two tax brackets you are only getting $85 billion in additional revenue annually. that only takes care the debt for ten days. it will service the federal government for 21 days....
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Nov 21, 2012
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jon: the old fiscal cliff is still hanging out there. new perspective on the political implications. the risk for the president as well as democrats if lawmakers do not reach a deal. and it will cost you more to drive over to grandma's house for thanksgiving. plus, it is way beyond your control could make travel even more expensive. all coming up on "happening now." can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ]
jon: the old fiscal cliff is still hanging out there. new perspective on the political implications. the risk for the president as well as democrats if lawmakers do not reach a deal. and it will cost you more to drive over to grandma's house for thanksgiving. plus, it is way beyond your control could make travel even more expensive. all coming up on "happening now." can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to...
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Nov 21, 2012
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. >>> who do you trust more on the fiscal cliff? ben bernanke or rush limbaugh. rush thinks he holds some cards in the looming negotiations. can congress cut out the middlemen, the drama and make a deal? we will discuss next on "now." look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry
. >>> who do you trust more on the fiscal cliff? ben bernanke or rush limbaugh. rush thinks he holds some cards in the looming negotiations. can congress cut out the middlemen, the drama and make a deal? we will discuss next on "now." look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd...
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Nov 21, 2012
11/12
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janet mentioned the fiscal cliff in one part of the fiscal cliff is these across-the-board spending cuts to take effect january 2nd. it's going to be an 8.2% across-the-board cut in education, job training and health, housing, fbi, air traffic controllers from the food safety, entire range of domestic programs. for education if you count headstart, which is at the department of health and human services a $4.8 billion cut would be the largest education cuts ever in the history of the country. that would just move us -- essentially move us backwards on whether the goal is closing achievement gaps come increasing high school graduation rates, increasing college access and college completion. our biggest challenge in the short-term this lame-duck lame-duck session this to work together with groups like the urban league and national council to come up with a balanced approach to deficit reduction. as genocide, as people who can pay more to do so without balancing the budget on the backs of children and students and working people and low-income people. the other cop couple quick things i wan
janet mentioned the fiscal cliff in one part of the fiscal cliff is these across-the-board spending cuts to take effect january 2nd. it's going to be an 8.2% across-the-board cut in education, job training and health, housing, fbi, air traffic controllers from the food safety, entire range of domestic programs. for education if you count headstart, which is at the department of health and human services a $4.8 billion cut would be the largest education cuts ever in the history of the country....
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Nov 21, 2012
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that's how long we have to get this fiscal cliff situation. are democrats going to hold their spine and stand up to republicans on this? there's a lot of anxiety on the left about this. >> i think there is. while i think the president, if he could get it, would like to have a big deal before christmas. i think it's doubtful it will happen. i think the john boehner op-ed shows you why. boehner is still guarding his right flank. everything he does, he's still trying to give gimmes to the republican base. we can say all we want -- the republican operatives want to change the party. but the base of the party is still there. they still exist. the tea party base. not only are they still there, 87 are still in the lame duck congress. you see boehner regarding his speakership into december. i would say we get past december 31st, get to january 3rd, reorganize the congress and then they make a deal. >> let's hope that's right. thank you for joining us. have a great thanksgiving. >> you, too. >>> next, the presidential pardon. stay with us. >> now, i jo
that's how long we have to get this fiscal cliff situation. are democrats going to hold their spine and stand up to republicans on this? there's a lot of anxiety on the left about this. >> i think there is. while i think the president, if he could get it, would like to have a big deal before christmas. i think it's doubtful it will happen. i think the john boehner op-ed shows you why. boehner is still guarding his right flank. everything he does, he's still trying to give gimmes to the...
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Nov 21, 2012
11/12
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you've probably heard of the fiscal cliff or as lawrence likes to call it, the fiscal curve or as my friend calls t the austerity bomb. whatever you would like to call it, it does not look like it's going to happen. it doesn't just look like we're going to avoid a crisis. at this moment today, and this can change, it looks like we're going to avoid an almost-crisis too. they might wrap it it up and go home for christmas. almost everyone i have talked to has been weirdly confident and upbeat about where this is going. this shouldn't be an amazing thing for me to tell you. i shouldn't be coming to you saying, look, congress might not blow up the economy for no good reason. or if i do have to say it, i shouldn't sound excited about it. that should be a given. but in recent years, it has not been a given. and the reason it hasn't been is in some ways traceable to this guy. you know that guy. that is grover norquist. if you go by his name or his picture, he may not seem imposing. but in the republican party, he's a guy that breaks your knees if you vote for higher taxes. all republicans p
you've probably heard of the fiscal cliff or as lawrence likes to call it, the fiscal curve or as my friend calls t the austerity bomb. whatever you would like to call it, it does not look like it's going to happen. it doesn't just look like we're going to avoid a crisis. at this moment today, and this can change, it looks like we're going to avoid an almost-crisis too. they might wrap it it up and go home for christmas. almost everyone i have talked to has been weirdly confident and upbeat...
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Nov 21, 2012
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lawmakers accused of playing chicken with the fiscal cliff. just ahead, why every american could feel the crunch. >> it's up to the president and congress to figure out how they want to make the trade offs, getting improvement in the long run and providing additional support for the economy in the short run. >> announcer: 'tis the season of more-- more shopping, more dining out... and along with it, more identity theft. by the time this holiday season is over, an estimated 1.2 million identities may be stolen. every time you pull out your wallet, shop online or hit the road, you give thieves a chance to ruin your holiday. by the time you're done watching this, as many as 40 more identities may be stolen. you can't be on the lookout 24/7, but lifelock can. they're relentless about protecting your identity every minute of every day. when someone tries to take over your bank accounts, drain the equity in your home, or even tries to buy a car in your name, lifelock is on guard. and with lifelock's 24/7 alerts, they contact you by text, phone or em
lawmakers accused of playing chicken with the fiscal cliff. just ahead, why every american could feel the crunch. >> it's up to the president and congress to figure out how they want to make the trade offs, getting improvement in the long run and providing additional support for the economy in the short run. >> announcer: 'tis the season of more-- more shopping, more dining out... and along with it, more identity theft. by the time this holiday season is over, an estimated 1.2...
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Nov 21, 2012
11/12
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people talk about fiscal cliff. the aggregate several things. that's collapsing tax cuts. that's one piece of it. second piece is d.c. sequestration. cut from the increases, plan increases in the budget if these are not cuts the way you or i think of cuts. either budgets increasing increasing not as rapidly as the various agencies would like them to go up. 50 billion of that out of national defense or out of the pentagon, and 50 billion of that comes out domestic discretionary and then there's a third subject, and that it should be a grand bargain to trade higher taxes for entitlement reform. and those are the three. been putting forth one out there, which is we get the debt ceiling at some point and we will continue to hit it. how will the republicans keep obama on a short leash and give him an allowance every month, in return for better behavior, the way you do with your kids. or other really going to let, give him a debt ceiling that goes a long time. what's going to happen? one option is look to history. two years ago we face exactly this situation on collapsing tax cu
people talk about fiscal cliff. the aggregate several things. that's collapsing tax cuts. that's one piece of it. second piece is d.c. sequestration. cut from the increases, plan increases in the budget if these are not cuts the way you or i think of cuts. either budgets increasing increasing not as rapidly as the various agencies would like them to go up. 50 billion of that out of national defense or out of the pentagon, and 50 billion of that comes out domestic discretionary and then there's...
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Nov 21, 2012
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framing it up a little bit, the fiscal cliff issue we talk about all day here, and talking about all week, is really important, and i we have to make progress w towards a sustainable budget, and there's a lot of experts sitting here why it's important. based on our work, there is a much broader competitiveness problem facing the u.s. right now. it's been building for decades. it's not something new. it's not a recession. it's been building for decades, and it's sapping the ability of the american economy to grow, and it's sapping the ability of the standard of living for the average american to rise, and unless we start tackling the real core issues that are making the u.s. less competitive and less attractive for locations for business, we'll go back to the fiscal cliff discussion over and over again. unless we get the economy moving and growing in the long run, these budget problems just are going to recur over and over again. based on our work, we have identified eight areas, as you mentioned, where we find broad consensus where we believe that these things would really move the n
framing it up a little bit, the fiscal cliff issue we talk about all day here, and talking about all week, is really important, and i we have to make progress w towards a sustainable budget, and there's a lot of experts sitting here why it's important. based on our work, there is a much broader competitiveness problem facing the u.s. right now. it's been building for decades. it's not something new. it's not a recession. it's been building for decades, and it's sapping the ability of the...
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. >> real quickly while i have you, i want to gauge your confidence, though, on the fiscal cliff, because time is running out on that territory. how confident are you that something can get done by january 1st? >> i'm confident that the president of the united states has put forth a germane plan to the question that you're asking. i want to show you something, tom. this is a report that came out september the 14th. september the 14th of this year, which republicans very, very strongly opposed even being made public. and the reason why they are strongly opposed to this is this report, which came out in from the congressional research service, which is a nonpartisan group, this report is about the taxes in the economy, what part do taxes play in this economy. and if i could just read you one line in this entire -- >> sure thing. >> there's not a conclusive evidence to substantiate a clear relationship between the 65-year steady reduction in top tax rates and economic growth. and it goes on to be much more specific than that. the republicans did not want the american people to see this becau
. >> real quickly while i have you, i want to gauge your confidence, though, on the fiscal cliff, because time is running out on that territory. how confident are you that something can get done by january 1st? >> i'm confident that the president of the united states has put forth a germane plan to the question that you're asking. i want to show you something, tom. this is a report that came out september the 14th. september the 14th of this year, which republicans very, very...
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Nov 21, 2012
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will it take us over a fiscal cliff? >> we might go back to the clinton years when everybody was doing so badly. that was awful. >> god. >> stephanie: okay. >> he doesn't know much about economics. >> i'm a -- on the fox business channel. >> andrea tan tear rose on the 5. >> it is always a lone wolf or an isolated incident. >> a series of weapons of mass destruction. >> stephanie: acknowledge terror right before he shot bin laden in the eye. just sayin'. >> that. >> just scrambling. >> the thing -- >> stephanie: pretty much summed up -- we don't need to do right-wing world. we'll just play that. >> wolves. lone wolves. >> stephanie: john bolton on the fox news. >> i think that it's through the tatter terrorism efforts internationally of the c.i.a. and other elements of the intelligence community that we're most likely to find out who did it. track them down and do that terrible thing that the obama administration doesn't like to do. use rendition to get these people to guantanamo bay and try a little gentle persuasion to
will it take us over a fiscal cliff? >> we might go back to the clinton years when everybody was doing so badly. that was awful. >> god. >> stephanie: okay. >> he doesn't know much about economics. >> i'm a -- on the fox business channel. >> andrea tan tear rose on the 5. >> it is always a lone wolf or an isolated incident. >> a series of weapons of mass destruction. >> stephanie: acknowledge terror right before he shot bin laden in the eye....